3, WELLHOUSE AVENUE, WEST MERSEA, COLCHESTER, CO5 8GF - £449,200

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 WELLHOUSE AVENUE is a large detached house of 142m², built sometime from 2007 onwards, which could now be worth an estimated £511,945. It was last sold for £449,200 in February 2019, which was around 2% above the average February 2019 detached price in the Colchester local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

3 WELLHOUSE AVENUE Sold Prices

Land registry data shows three sales for 3 WELLHOUSE AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Colchester local authority area for the corresponding sale date. All of the three 3 WELLHOUSE AVENUE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 27 FEB	£449,200	£440,686	2% above HPI
2016 5 AUG	£410,000	£399,566	3% above HPI
2008 21 NOV	£409,995	£247,428	66% above HPI

3 WELLHOUSE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Colchester local authority area over time, sourced from the HPI. The three 3 WELLHOUSE AVENUE sales between November 2008 and February 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2016 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2019 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 3 WELLHOUSE AVENUE be worth now?

3 WELLHOUSE AVENUE might now be worth an estimated £511,945.

This is based on house price inflation of 14%, between February 2019 and February 2025, for detached houses, in the Colchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14% inflationary increase is applied to the most recent sale price for 3 WELLHOUSE AVENUE of £449,200 on 27th February 2019. For the value to have increased from £449,200 to £511,945 over the six years to February 2025, the following assumptions must hold true:

• The value of 3 WELLHOUSE AVENUE has moved in line with the HPI for detached houses in the Colchester local authority area.
• The February 2019 sale price of £449,200 represented a fair market value for the property.
• The size, condition, and specification of 3 WELLHOUSE AVENUE has not materially changed since February 2019.

How Large is 3 WELLHOUSE AVENUE?

3 WELLHOUSE AVENUE is 142m² according to the EPC inspection conducted in September 2011. This puts it in the largest 30% of detached houses houses in West Mersea, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Mersea, and where 3 WELLHOUSE AVENUE lies on this distribution: 70% of detached houses houses are smaller than 3 WELLHOUSE AVENUE, and 30% of houses are larger. Note that EPC data is not available for all properties in West Mersea.

3 WELLHOUSE AVENUE: Plot and Title Map

3 WELLHOUSE AVENUE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 3 WELLHOUSE AVENUE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 WELLHOUSE AVENUE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 WELLHOUSE AVENUE?

3 WELLHOUSE AVENUE is located in WEST MERSEA, in the CO5 postcode district. The below map shows the position of No. 3 on WELLHOUSE AVENUE.